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India And Chile Ink Economic Deal: Focus On Critical Minerals
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New Delhi [India], May 9 (ANI): India and Chile took a major step forward in strengthening their economic partnership by signing the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement ( CEPA ). The Ministry of Commerce & Industry stated on Friday that this accord opens a new kala in commercial ties…
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China’S Boe And Csot Slash Lcd Production As Tariffs And Subsidy Cuts Bite
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Major Chinese display panel manufacturers like BOE and CSOT have started reducing their LCD output due to U.S. tariffs imposed during President Donald Trump’s administration, which impede exports to the American market, according to industry insiders. As businesses shift their focus towards Europe and Asia, experts indicate that obtaining new clients swiftly continues to…
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Imf Addresses Nigeria’S Covid-19 Loan Repayment And Unpaid Balances
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The American billionaire stated that his Gates Foundation will cease operations following the distribution of his fortune. On Thursday, the International Monetary Fund (IMF) announced that Nigeria has completely settled its $3.4 billion loan, which was borrowed in April 2020. The funds were released through the Rapid Financing Instrument, aimed at assisting with the…
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Fed Acknowledges Stagflation Risks: Devere Warns Investors Must Act Swiftly
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The Federal Reserve has finally voiced what was previously unspoken: stagflation is not merely a remote possibility but a distinct and immediate concern. For several months, officials have skirted the issue. But now, they’ve shed their reservations. Here is Nigel Green, the CEO of leading financial advisory firm, presenting his analysis. deVere Group following…
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Dollar’S Rise Boosts Optimism, Pushes Won Below 1,400
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On May 9, the South Korean won depreciated beyond the 1,400 mark relative to the US dollar, marking its second consecutive day of gains as improved sentiment regarding reduced global trade frictions bolstered the American currency. The won started trading at 1,404.8 against each dollar, marking an increase of 8.2 won compared to the…
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Nippon Steel Foresees 43% Drop In Fy 2025 Profits Due To Tariff Troubles
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On Friday, Nippon Steel Corporation announced that they anticipate their net profit for the fiscal year 2025 will decrease by 42.9% to reach ¥200 billion ($1.38 billion). This outlook stems from increasing uncertainties surrounding the tariffs introduced by the United States. The Japanese steel company, struggling with its plans to purchase U.S. Steel Corp.,…
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Finance Minister Supports Fabag’S Call For Broad Price Cuts
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The Food and Beverage Association of Ghana (FABAG) has reported that the costs of major products in their industry are starting to drop, with expectations for additional decreases over the next few weeks. At a stakeholders meeting alongside the Finance Minister, John Awuni, who serves as the Executive Secretary of FABAG, verified that the…
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Tokyo Stocks Surge Following U.S.-U.K. Trade Deal
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Tokyo stock prices surged significantly on Friday following a trade deal between the United States and Britain, which sparked optimism about advancements in negotiations between Washington and other trading nations. The Nikkei Stock Average with 225 issues concluded trading 574.70 points, equivalent to an increase of 1.56%, reaching 37,503.33, surpassing the 37,000 mark for…
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Perseus Mining Transfers Gh₵73M Dividend To State: International Edition
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Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year. Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources. Speaking during the presentation of…
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Why Africa Should Unite Economically Against Us Tariffs, Not Retaliate Fragmentedly
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By Ephraim Ofori NUMOSUOR In an kurun marked by geopolitical maneuvers driven by economics and strategic partnerships, Africa must not stay as a collection of disconnected markets. The recently implemented tariffs imposed by the United States on numerous imports, which include goods from Africa, have prompted distinct reactions from different countries across the continent.…